close of escrow: 75% of closings are late and taking longer than 30 days? - 05/03/11 04:52 AM
I met with the branch manager of a title company here in Vegas last week and she asked me how fast we were closing our loans.  I told her that we are closing them in 30 days or less and that we just closed two FHA 203(k) Streamline loans in 21 and 25 days - she was amazed.  She then proceeded to share with me that she just performed a comprehensive review of all of their files they closed over the last three months and she said that 75% of them closed let with an average closing time of 45 days.
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